Centex Homes Corp. v. Boag
320 A.2d 194 (1974)
Legal Analysis
Legal analysis from Dean's Law Dictionary will be displayed here.
Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
Boag (D) entered into a contract to purchase a condominium in a high rise built by Centex (P). Prior to signing the contract, D gave P a $525 deposit on the $73,700 purchase price. Shortly after signing the contract D gave P a check in the amount of $6,780. D was informed by his employer, shortly thereafter, that he was going to be transferred to Chicago. D informed P that he would be unable to complete the contract, and stopped payment on the second check. About two weeks later, P attempted to cash the second check, but it was dishonored by D's bank. P filed suit seeking specific performance on the contract, or in the alternative, seeking liquidated damages in the amount of $6,780. P then moved for summary judgment.
Issues
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Holding & Decision
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